Abu Dhabi Capital Management

Abu Dhabi Financial Group (ADFG), an investment firm based in UAE Abu Dhabi, has acquired New Scotland Yard, home to the London Metropolitan Police since the 1960s for $579 million.

The the 600,000 sq ft site will be redeveloped into a new multi-use development. Back in November ADFG completed another $485 million deal for the redevelopment of 1 Palace Street, situated in central London. (ADFG is headed by Jassim Alseddiqi and is the parent company of Abu Dhabi Capital Management. It is primarily focused on financial services and real estate, in the GCC, UK and Eastern Europe)

Abu Dhabi Capital Management, an Abu-Dhabi based investment firm, announces the intention to launch Qannas Investments on AIM and to raise up to $50 million.

The company said Qannas will seek to generate a target IRR of at least 20 per cent and its investments will be held for 3-5 years. ADCM currently manages more than $100 million in assets for institutional and high net worth investors. Back in July 2011 we reported the first closing of ADCM fund raising.